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Originally Posted by snavr
That's a wonderful dream ... but you're still creating wealth out of nothing.
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Uhm... NO.
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Originally Posted by snavr
Investing is not a physical product and it is not labor capital (like tilling a field).
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Uhm... YEAH! (Have you ever heard of capital goods?)
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Originally Posted by snavr
You will still have a buildup of speculative wealth which eventually surpasses real wealth and creates the need for a crash (or reset of the system).
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Uhm.... NO! Why would you say this? Read on...
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Originally Posted by snavr
Even a barter society won't get rid of usury. If I'm trading 2 chickens for a bushel of hay, but you don't have hay right now ... we might cut a deal that says I'll give you the 2 chickens NOW for a 1.5 bushels of hay 6 months from now.
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That's still a straight swap. The deal concludes when you get your 1.5 bushels of hay. The 0.5 bushel of hay does not begin to compound over time. It's basically the futures game.
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Originally Posted by snavr
That's creating wealth from nothing tangible.
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Uhm... I use the 2 chickens now, to get to where I can provide 1.5 bushels of hay later. The tangible good is the 2 chickens, and the ability to provide 50% more hay later, is because I was given time to make payment (acquire or grow the goods). The hay will be created, by my hands, in my field. It's just deferred settlement. This is really basic stuff dude.
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Originally Posted by snavr
Plus, no trade is equal for both sides.
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I believe in Mises' model for human economic action. A trade occurs when both sides feel they are better off with the exchange of goods. Now the price may not seem fair to you, but if both sides trade less than what they think they are getting, it is a fair trade. The market sets prices this way (where supply intersects with demand).
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Originally Posted by snavr
And if you make more trades that favor you than the next guy, then again, you're creating wealth from nothing.
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This is obscene.
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Originally Posted by snavr
The reality is this. Economies must expand and contract. If the global economy tanks it will suck. But it woulda sucked less if they let it fail 20 years ago. And it's gonna suck more if they keep it alive for another 20 years.
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This we can somewhat agree upon.
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Originally Posted by snavr
You can talk all you want about making a fairer system, but you can never change the fundamental physics of the system to get rid of speculative wealth. You can only navigate the ups and downs skillfully.
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Well, you're presuming that speculative wealth is a bad thing. On the contrary, people who successfully guess supply and demand changes in advance (speculators) are the ones who keep big crashes and big booms from happening, as the market adjusts gradually before the turbulence.
You've got some ideas, but then some really wrong ones. Reading what you wrote, you sound much more like an interventionist than a free marketer.